Power Integrations, Inc. (POWI) to Issue Quarterly Dividend of $0.22 on June 30th

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Friday, May 29th will be given a dividend of 0.215 per share by the semiconductor company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 29th.

Power Integrations has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Power Integrations has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Power Integrations to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 81.9%.

Power Integrations Stock Up 18.7%

POWI stock opened at $84.09 on Wednesday. Power Integrations has a 52-week low of $30.86 and a 52-week high of $84.90. The stock’s 50 day moving average is $61.44 and its two-hundred day moving average is $48.08. The company has a market capitalization of $4.69 billion, a PE ratio of 280.31, a P/E/G ratio of 4.31 and a beta of 1.54.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company had revenue of $108.31 million for the quarter, compared to the consensus estimate of $106.75 million. During the same period in the previous year, the business earned $0.31 EPS. Power Integrations’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Power Integrations will post 0.64 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on POWI shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a report on Friday, May 8th. Susquehanna lifted their price objective on Power Integrations from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Northland Securities downgraded Power Integrations from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a report on Monday, April 6th. Stifel Nicolaus lifted their price objective on Power Integrations from $56.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Zacks Research upgraded Power Integrations from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.50.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.